India: Byju’s in talks to  raise  up to $700 m at nearly $15b valuation

Byju Raveendran of Think and Learn Pvt. Ltd that runs edutech start-up Byju’s. Photo: Mint

Byju’s is in advanced talks to raise $600-700 million at a valuation of nearly $15 billion, two people familiar with the development said, closing in on India’s most valuable startup Paytm which is worth $16 billion.

The Bengaluru-based company is raising money from a clutch of new investors based in the US, making it the edtech unicorn’s first fundraising round for 2021. “The deal is expected to be signed as early as next week,” said one of the two people cited above, asking not to be named.

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